(22) In March of 2020 news of COVID swept across the globe causing a fall in expected GDP and we saw the interest rates on bonds fall. Using knowledge that you have learned about the supply and demand for bonds, which of the following happened? (Hint: you do not need to look up any data, simply use your knowledge of supply and demand in the bond market) the supply of bonds was more affected than the demand of bonds the demand of bonds was more affected than the supply of bonds both the supply and demand of bonds were affected equally the supply and demand of bonds were unaffected